To form the thick-plate with the tubular bulge, the backward and forward extrusion and punch process is proposed. The thickness of sheet metal, the inner diameter of tubular bulge, the diameter of punch-die, the forward extrusion depth and other process parameters are set by orthogonal regression design method and these groups of values are used respectively to simulate the combined extruding and punching process by the plastic analysis software DEFORM3D. And then, the linear regression equation is obtained between the bulge height and process parameters. The results indicate that the main factors affecting the bulge height are the thickness of sheet metal and diameter of punch-die within a certain range. However, the inner diameter of tubular bulge and the forward extrusion depth have a little contribute to bulge height. Also, the reliability of linear regression equation is not fine and the prediction model of tubular bulge needs to a more in-depth study.